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10435-10445 Cadieux Rd, Detroit, MI 48224

View Smart Contracts: Eth xDai
100% Subsidized Rent! Rent fully paid by the state

Total Investment: $ 833,910.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

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Property Highlights

  • Expected Income

    9.65%

    Not including capital appreciation

  • Rent per Token

    $ 4.88 / year

  • Rent Start Date

    February 14, 2022

  • Token Price

    $ 50.54

  • Total Tokens

    16,500

All financial statements of property yield are best estimates based on current conditions, and can change at any time.

We are targeting the above yield for investors; however, no assurance can be given that you will obtain any return on investment, and there is a risk that you can lose your entire investment.

  • Property Type

    Multi Family

  • Full Address

    10435-10445 Cadieux Rd, Detroit, MI 48224

  • Neighborhood

    Yorkshire Woods

  • Construction Year

    1953

  • Total Units

    17 Units

  • Bedroom/Bath

    13x1, 4x2 Bed / 17x1 Bath

  • Rental Type

    Long-term

  • Rented?

    Fully Rented

Property Financials

  • Gross Rent / year

    $ 123,420.00

  • Gross Rent / month

    $ 10,285.00

  • Monthly Costs

    - $ 3,578.50
    • Property Management (8.00%)
      - $ 822.80
    • RealT Platform (2.00%)
      - $ 205.70
    • Maintenance Expenses
      - $ 1,500.00
    • Property Taxes
      - $ 500.00
    • Insurance
      - $ 350.00
    • Utilities
      - $ 200.00

  • Net Rent / month

    $ 6,706.50

  • Net Rent / year

    $ 80,478.00

  • Total Investment

    $ 833,910.00
    • Underlying Asset Price
      $ 730,000.00
    • Operating Expense Reimbursement (10%)
      $ 83,396.67
    • Initial Maintenance Reserve
      $ 20,570.00
    • Unrounded Listing Price
      $ 833,966.67
    • Rounding Difference
      - $ 56.67

  • Expected Income

    9.65%

    Not including capital appreciation

Property Details

  • Lot Size (sqft)

    23,522

  • Foundation

    Masonry

  • Exterior Walls

    Brick

  • Roof Type

    Asphalt

  • Parking

    On the side and back

  • Interior Size (sqft)

    11,800

  • Heating

    Forced air

  • Cooling

    None

Test Renovation content!

Offering Details

  • Offering Date

    January 27, 2022

  • Issuer

    RealToken LLC - Series #186 - 10435-10445 Cadieux

  • Min. Investment Amount

    $50.54

  • Max. Investment Amount

    $833,910.00

  • Amount Raised

    $833,910.00

  • Offering Percent (of Total Tokens)

    100.00%

About the Property

10435-10445 Cadieux

This healthy 17-unit multifamily located in the Yorkshire Woods neighborhood of Detroit is quite special. In addition to its well-maintained brick construction, all of Cadieux’s 17 units are fully subsidized by the state of Michigan in a manner very similar to the Federal Section 8 program. This means tenancy is exceptionally stable and predictable, which makes this property even more of a workhorse than it would ordinarily be.

The Yorkshire Woods itself has a dense suburban feel, is rich in diversity, and is located close to a major interstate highway for an easy commute into downtown.

Map

Property Records

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Why Detroit?

INVEST RIGHT

Detroit, one of the fastest growing major cities in America and best kept real estate secrets, is rich with history, and  possesses a colorful cultural fabric. Despite being among the 15 largest metro areas in the US, Detroit drivers spend the least amount of time in traffic during peak periods. Beyond automotive innovation, Detroit is home to dozens of startup incubators, and is surging on Inc.’s list of top 50 cities to start a business*. Root for the Lions, Tigers, Pistons and Red Wings, or enjoy the outdoors with over 200 miles of hiking trails nearby, 9 state parks, and over 3200 miles of coastline to explore.

There’s something for everyone here, because Detroit is for everybody.

The Interests, in the form of Series #1 RealTokens and future series of RealTokens, being offered are highly speculative in nature, involve a high degree of risk and should be purchased only by persons who can afford to lose their entire investment. There can be no assurance that the Company’s business objectives will be achieved or that a secondary market would ever develop for the Interests, whether via the RealToken Website, via third party registered broker-dealers or otherwise. Investing in private placements requires high risk tolerance, low liquidity concerns, and long-term commitments. The Interests being sold are not FDIC insured, may lose value, and there is no bank or other guarantee.

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